Fast Market Research

Now Available: Non-Grocery Retailers in Bolivia

Recently published research from Euromonitor International, "Non-Grocery Retailers in Bolivia", is now available at Fast Market Research

 
Repost This

Boston, MA -- (SBWIRE) -- 06/19/2014 -- Favourable economic conditions in Bolivia in 2013 encouraged consumers to continue buying non-grocery products. Non-grocery retailers as a result continued to open outlets and expand their current ones to accommodate the increasing demand for their products. For instance, drugstores/parapharmacies continued to increase in number at a very fast pace throughout the nation. During the first quarter of 2013 alone, there was an increase of 9% in terms of outlets. Bolivians are favouring this growth by preferring formal non-grocery retailers due to the convenience they offer to them. Formal non-grocery retailers offer warranties, legitimate products, more spacious environments in which consumers can try products before buying them, and very competitive prices.

View Full Report Details and Table of Contents

Competitive Landscape

Farmacorp SA and Manufactura Boliviana SA lead sales of non-grocery retailers in Bolivia. These two companies have a large presence in the country. Farmacorp SA continued to grow at healthy rates in 2013 thanks to its investment in expansion and new outlet openings in popular areas of Bolivia. In 2013 alone, the company opened 10 outlets in the three major cities of Bolivia, becoming the largest drugstore/parapharmacy in the country. The company invests in consumer loyalty using schemes like store cards and monthly magazines that are given free to consumers.

Industry Prospects

2013's growth rate was a little higher than the CAGR registered for the overall review period. The main reason behind this growth is that retailers are continuing to expand beyond urban areas to attract consumers from other socioeconomic segments. Consumers in Bolivia still enjoy favourable economic conditions and are able to spend on items that they consider essential. Also, retailers like Tienda Amiga are investing in credit opportunities to reach a wider base of consumers. The 3% CAGR expected over the forecast period is likely to be fuelled by retailers' initiatives to conquer new segments of the population and offer additional benefits to consumers that informal retailers do not.

http://euromonitor.typepad.com/design-images/NewYear-640.jpg" target="_blank">" rel="nofollow" href="http://www.euromonitor.com/december-2011-promo-buy-2-get-1-free"> src=http://euromonitor.typepad.com/design-images/NewYear-640.jpg" target="_blank">

Delivery method: instant download
Report format: PDFdoc_pdf.pnghttp://euromonitor.typepad.com/design-images/doc_pdf.png">(download a sample)
Market statistics: Excel workbookdoc_excel_table.pnghttp://euromonitor.typepad.com/design-images/doc_excel_table.png">(download a sample)

Report Overview

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Retailing research reports at Fast Market Research

You may also be interested in these related reports:

- Leisure and Personal Goods Specialist Retailers in Peru
- Retailing in China
- Retailing in Poland
- Global Home Furniture and Homewares Retailers Market Size and Forecast to 2017
- Retailing in Russia
- Retailing in the Czech Republic
- Retailing in Hong Kong, China
- Global Duty Free Retailers Market Size and Forecast to 2017
- Retailing in New Zealand
- Global Home Improvement and Gardening Supplies Retailers Market Size and Forecast to 2017

Source:
Posted Thursday, June 19, 2014 at 2:48 PM CDT - Permalink